First Independent Mena Newspaper
Morocco is drafting a bill to regulate crypto assets in line with the recommendations made during the last G20 Summit, Governor of the central bank “Bank Al-Maghrib”, Abdellatif Jouahri, said Tuesday in Rabat. “The main objective of this legislation is to align Moroccan regulations with international standards concerning crypto assets according to a rigorous approach, […]
The special fund launched to finance reconstruction efforts in quake-hit areas is about to hit the $2 billion milestone or 20 billion dirhams, central bank governor said. The earthquake that hit on September 8 claimed 3000 lives and shattered many villages in the western High Atlas. Up to Dec 15, the fund had 19 billion […]
French energy giant TotalEnergies has unveiled a $6 billion investment plan spread across several years in Nigeria, just as the West African country is looking to cut down on red tape hindering investment in its oil and gas sector. Through this announcement, TotalEnergies has reiterated its commitment to investing in Nigeria’s oil and energy sector, […]
Morocco’s central bank kept its key rate unchanged at 3% in a context of easing inflation and improved growth rate. Inflation is seen dropping to 6.1% this year and 2.4% next year. In 2022, drought and imported inflation propelled inflation to 6.6%. Morocco’s central bank has decided to keep its key interest rate unchanged at […]
The Saudi Fund for Development, SFD, provided Monday December 18 Mauritania with a soft credit line of $40 million earmarked for the construction and equipment of two educational institutes that are specialized in key sectors of the economy. The deal was signed by SFD CEO Sultan Al-Marshad and Mauritania’s Minister of Economy and Sustainable Development, […]
Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]
The Moroccan city of Marrakesh, which hosted the 2023 WB-IMF Annual Meetings, CAF Awards 2023 and the latest Arab police conference, will host another major event, the Arab-Russian Forum, this December 19-20. The Forum is held under the theme of “the challenge of strengthening Russia’s place in the Arab region and in Africa.” Russian Foreign […]
The re-elected President of Madagascar, Andry Rajoelina, has vowed his readiness to further strengthen the relations of sincere friendship and cooperation biding his country to Morocco. The Malagasy head of state made the remarks while receiving Saturday at the Presidential Palace the Speaker of the House of Representatives, Rachid Talbi El Alami, who represented King […]
Spain’s Ministry of Foreign Affairs has described Spanish top diplomat José Manuel Albares’ visit to Morocco on Wednesday and Thursday as “fruitful.” “Two fruitful days of visit to Morocco by Minister Albares,” wrote the Spanish Ministry of Foreign Affairs on Friday in a message posted on its X account, specifying that Madrid and Rabat reaffirmed […]
Head of Morocco’s National Security and Territorial Surveillance Abdellatif Hammouchi held two working sessions in Rabat with France’s Director-General of Internal Security, Nicolas Lerner, who was on a working visit to the Kingdom. During these meetings, which took place on Thursday and Friday, the two parties evaluated cooperation in the fields of intelligence and security […]